Polyhydroxyalkanoate Market Information- by Type (Polyhydroxybutyrate and Polyhydroxyvalerate), by Application (Biomedical, Packaging, Drug Delivery Carriers, Biofuels and others), by Technology (Genetically Engineered Plants and Genetically Engineered Bacteria) - Forecast till 2030

Polyhydroxyalkanoate Market Synopsis:

Polyhydroxyalkanoate Market is estimated to reach USD 125 Million by 2030 at a CAGR of 14% from 2020 to 2030.

Polyhydroxyalkanoate polymers are produced by microbial fermentation of unprocessed raw materials. They are produced under the brand name Biopol. Polyhydroxyalkanoate polymers are extracted from renewable sources such as vegetable oil, starch, proteins, and others. They are non-toxic, provide high UV resistance and exhibit biocompatible properties. They also show optical display and piezoelectric effect. Owing to these characteristics, Polyhydroxyalkanoate Polymers are used in various applications such as packaging, biomedical, biofuels and drugs.

As per our market analysis, the Polyhydroxyalkanoate Market is classified into Polyhydroxybutyrate and Polyhydroxybutyrate blended with copolymers. Polyhydroxybutyrate is a thermoplastic polymer with the properties similar to that of polypropylene. It holds an edge over polypropylene based products due to its eco-friendly and nontoxic nature, as well as better physical features. The molecular weight of Polyhydroxybutyrate varies from 50,000 to a million depending on growth and method of extraction. The prominent trends and factors in the Polyhydroxyalkanoate Market are production of bio-based products which are compatible to the environment and help to attain sustainable development. 

Polyhydroxyalkanoate Market Share, by Application:

Regional Analysis:

The Polyhydroxyalkanoate Market is segregated into five regions namely Asia Pacific, Europe, North America, Latin America and the Middle East & Africa. Among these, Asia Pacific region is set to grow at the highest CAGR during the forecast period, 2017-2023. China has emerged as the leading player in this region owing to the growing usage in biomedical applications. The advancement in technology and availability of raw materials extracted from wastes of sugar palm oil and others has propelled India and Japan to witness a massive growth in the Polyhydroxyalkanoate Market. Currently, it has been observed that the petrochemical derived products were replaced by bio polymers in order to reduce the cost of manufacturing and production process, preserve the petroleum sources, and other environmental factors.

Globally, European region accounted for the major shareholder of Polyhydroxyalkanoate Market in 2015 and anticipated to continue its dominance during the forecast period, 2017-2023. Germany, U.K and Italy are the leading players in this region due its continual growth and development in the production of environmental friendly products.

During the forecast period, North American region has been projected to witness a massive growth in the Polyhydroxyalkanoate Market due to its growing demand observed in packaging, agriculture and food sectors. Availability of raw materials and the development in technology has driven countries like U.S. and Canada to shift their focus from petrochemical derived product towards naturally produced polymers in order to attain ecological balance, save the cost of production and conserve the petroleum sources. The growing production of sugarcane in Latin America has recognized a significant growth in Polyhydroxyalkanoate Market during the forecast period. Moreover, the Middle East & Africa has recognized a rapid growth in the development of Polyhydroxyalkanoate Polymers due to its increasing usage in end-use industries.

Segmentation:

The Polyhydroxyalkanoate Market is differentiated into Type, Technology and Application. Market by type is fragmented as Polyhydroxyalkanoate and polyhydroxybutyrate blended with co-polymers. Polyhydroxybutyrate Polymers are produced by biological degradation of microorganisms. It has been observed that biopolymers have already substituted petrochemical based product due to its exceptional features such as bio-compatibility, non-toxicity and environmental oriented nature. On the basis of technology, biopolymers can be produced by genetically engineered plants and bacteria. With the implementation of these technologies, biopolymers can be produced within 24 hours rather than conventional polymers that take 3 days. Biomedical, packaging, drug delivery carriers, biofuels and drugs are included in the market segregation on the basis of application. Among these, a surge in demand has been projected in the packaging sector during the forecast period, 2017-2023.  

Key Players:

The major players operating in the Polyhydroxyalkanoate Market are Shenzhen Ecomann Biotechnology Co, Ltd (China), Tianjin GreenBio Materials Co., Ltd (China), Kaneka Corporation (Japan), BASF SE (Germany), Biome Technologies PLC (U.K.), BIO ON (Italy), Polyferm, Inc (Canada), Full Cycle Bioplastics (U.S.A),  and Cardia Bioplastics (Australia) among others.

Recent Development

June 2021- Danimer Scientific has announced the completion of debottlenecking initiatives at its Winchester, Ky., production plant, which enables the firm to boost up the production of Nodax, the company’s signature polyhydroxyalkanoate (PHA), to meet its aim to attain plant’s complete yearly run rate capacity of over 20 million lbs of Nodax- based resins by the end of this year.
As stated earlier, Nodax PHA is obtained from natural fermentation processes including plant oil from crops like canola. The material is known degrade in numerous conditions at the end of its lifecycle, including soil and marine environments, industrial composting facilities, and backyard compost units. The material can be used in a broad range of applications.

November 2021-- Danimer Scientific, Inc., has announced the signing of a long-term collaborative arrangement with Total Corbion PLA, for the supply of a biobased polymer, Luminy® PLA, used in the production of compostable products. Both of these firms are prominent players in the bioplastics market targeted to develop and produce biodegradable materials. As the firm level-up its signature polyhydroxyalkanoate (PHA), Nodax®, this agreement improves Danimer's ability to satisfy customer needs for resins, which need a mix of PLA- and PHA-based inputs.

Geographical Analysis: 

The Polyhydroxyalkanoate Market Report covers brief analysis of geographical regions such as Asia Pacific, Europe, North America, Latin America and the Middle East & Africa.

Intended Audience

• Polyhydroxyalkanoate Manufacturers


• Traders and Distributors of Polyhydroxyalkanoate


• Production Process Industries


• Potential Investors


• Raw Material Suppliers


• Nationalized Laboratory

Report Scope:

Report Attribute/Metric	Details
Market Size	125 Billion USD 2030
CAGR	144 2030
Base Year	2021
Forecast Period	2022 to 2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Type, Technology, Application and Region
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Shenzhen Ecomann Biotechnology Co, Ltd (China), Tianjin GreenBio Materials Co., Ltd (China), Kaneka Corporation (Japan), BASF SE (Germany), Biome Technologies PLC (U.K.), BIO ON (Italy), Polyferm, Inc (Canada), Full Cycle Bioplastics (U.S.A), and Cardia Bioplastics (Australia) among others.
Key Market Opportunities	Its eco-friendly and nontoxic nature, as well as better physical features.
Key Market Drivers	Production of bio-based products which are compatible to the environment and help to attain sustainable development.

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